10.22 BTC Market Analysis
For BTC today, watch whether the daily MACD forms a golden cross after the candle closes, and whether the 12/8-hour timeframes are bottoming out.
On the 4/6-hour timeframes, the price has crossed above the line and the histogram bars are forming. A deep pullback is unlikely at this point.
There is a death cross on the 1-hour timeframe. Today’s correction is expected to play out on timeframes under one hour (30/45 minutes).
Strong support lies in the 83200–82800 range. If this level holds, the market is likely to continue upward.
Resistance is at 84700. The price needs to hold above 85500. The market turning point is on the 25th.
Watch whether the current correction cycle completes over the next three days. $BTC
For BTC today, watch whether the daily MACD forms a golden cross after the candle closes, and whether the 12/8-hour timeframes are bottoming out.
On the 4/6-hour timeframes, the price has crossed above the line and the histogram bars are forming. A deep pullback is unlikely at this point.
There is a death cross on the 1-hour timeframe. Today’s correction is expected to play out on timeframes under one hour (30/45 minutes).
Strong support lies in the 83200–82800 range. If this level holds, the market is likely to continue upward.
Resistance is at 84700. The price needs to hold above 85500. The market turning point is on the 25th.
Watch whether the current correction cycle completes over the next three days. $BTC